Stock Trading

Market recover from intraday low; Technology and Pharmaceutical stocks up

BSE Sensex has recovered around 11.30 am after a weak opening. The BSE Sensex is down by 196 points and is 46 points above 17,000 mark. NSE Nifty has managed to recover and is showing some strength. The market is down by 57 points at 5060. NSE Nifty touched an intraday low of 5012 and a high of 5118.

Stock Markets slide further as selling continues

Indian Stock markets opened weak on Thursday. NSE was down by nearly 70 points within first 10 minutes of trade. NSE Nifty opened at 5117.

The markets have continued their downward slide and at 10.20 am, NSE Nifty is down by 97 points. BSE Sensex has lost over 318 points at 16,924.

Crude prices have touched $135 per barrel. US markets closed weak. In Forex market, 1 US dollar was trading higher than Rs 43.

Buy Reliance Capital

Reliance Capital can be purchased by day traders in today’s trading session for achieving an intraday target of Rs 1396.

If the stock markets remain on positive track, the next intraday target for the day is Rs 1409. The stock can be purchased above Rs 1350 with a strict stop loss of Rs 1330

The company’s shares closed at Rs 1316.65 on Wednesday (May14) at BSE. The share price has seen a 52-week high of Rs 2925 and a low of Rs 795 on BSE.

The stock has much potential to go up to the target price as the company has good growth prospects.

Bharti Airtel Intraday Buy Call

Stock market experts are of the view that day traders can buy Bharti Airtel above Rs 860 to achieve an intraday target of Rs 876.

If the stock market remains positive, the next target for the day will be above Rs above 882. The stop loss marked for the suggested stock is Rs 848.

Markets Looking Strong; IT, Real Estate and Banking Stocks gain

Stock Markets are looking strong today. NSE Nifty touched an intraday high of 4984 and an intraday low of 4889. BSE Sensex was up by 272 points at 16,516.

Bajaj Hindustan Intraday Buy Call

As per views of Hitendra Vasudeo of stockmechanics.com, the day traders can buy Bajaj Hindustan, as it is a brilliant option for intraday dealings.

Investors can purchase Bajaj Hindustan stock above Rs 209.50 to achieve a target of Rs 214. If the stock market remains positive, the next target for the day will be above Rs 216.

The stop loss marked for the suggested stock is Rs 203.

Sell L&T

Stock market analyst Hitendra Vasudeo of stockmechanics.com has
suggested the investors to sell BHEL stock as there are full chances of
a downward trend in this stock.

Mr. Vasudeo has also suggested that if the stock fell below Rs
1,980, it may see more weakness. So the investors must sell the stock
below Rs 2009 with a stop loss of Rs 2060, for targets of Rs 1937-1911.

Presently (2:13 pm), the stock is trading weak at Rs 2,017 after opening at Rs 2,092 on the Bombay Stock Exchange (BSE).

Sell BHEL

Stock market analyst Hitendra Vasudeo of stockmechanics.com has suggested the investors to sell BHEL stock as there are full chances of a downward trend in this stock.

Presently (2:13 pm), the stock is trading weak at Rs 2,017 after opening at Rs 2,092 on the Bombay Stock Exchange (BSE).

Mr. Vasudeo has also suggested that if the stock fell below Rs 1,980, it may see more weakness. So the investors must sell the stock below Rs 2009 with a stop loss of Rs 2060, for targets of Rs 1937-1911.

Indian Markets may remain range-bound; Ranbaxy looking good for long term

Indian stock markets may remain range-bound on Monday. The US Markets were weak on Friday. There may be action in some specific counters but the overall market sentiment is bearish. We may see some selling pressure if Nifty goes near 5000 levels. BSE Sensex closed at 16,371 and NSE Nifty closed at 4942 on Friday.

During a recent interview Technical Analyst Anil Manghnani expressed his concerns over the market volatility. He further said that the volatility may continue and Indian markets will be more dependent on global cues.

Buy Cairn India

As per views of stock analysts, the day traders can buy Cairn India, as it is a brilliant option for intraday dealings.

Investors can purchase Cairn India stock above Rs 213 to achieve a target of Rs 223. If the stock market remains positive, the next target for the day will be above Rs 225.

For intraday trading the stop loss is Rs 209. The stock has seen a 52-week high of Rs 268.5 and a low of Rs 120.1 on the Bombay Stock Exchange (BSE).

The intraday outlook for the stock is really very strong. The stock is too good for quick gains, and traders can surely reap good returns today.